Hershey Company (The) (HSY) Shares Bought by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd boosted its stake in Hershey Company (The) (NYSE:HSY) by 11.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,127 shares of the company’s stock after buying an additional 964 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Hershey Company (The) were worth $944,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HSY. Norinchukin Bank The boosted its position in Hershey Company (The) by 4.3% in the second quarter. Norinchukin Bank The now owns 137,002 shares of the company’s stock valued at $15,548,000 after buying an additional 5,610 shares during the last quarter. Forsta AP Fonden purchased a new position in Hershey Company (The) during the second quarter valued at $20,754,000. Cadinha & Co. LLC purchased a new position in Hershey Company (The) during the second quarter valued at $227,000. QCI Asset Management Inc. NY boosted its position in Hershey Company (The) by 444.8% in the second quarter. QCI Asset Management Inc. NY now owns 6,124 shares of the company’s stock valued at $695,000 after buying an additional 5,000 shares during the last quarter. Finally, Grisanti Capital Management LLC purchased a new position in Hershey Company (The) during the second quarter valued at $138,000. Hedge funds and other institutional investors own 52.07% of the company’s stock.

Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

Hershey Company (NYSE:HSY) traded down 0.43% during midday trading on Friday, hitting $107.19. 428,975 shares of the company traded hands. The stock’s 50-day moving average is $105.77 and its 200-day moving average is $102.04. Hershey Company has a 12-month low of $87.92 and a 12-month high of $117.79. The firm has a market capitalization of $22.82 billion, a PE ratio of 32.09 and a beta of 0.32.

Hershey Company (The) (NYSE:HSY) last issued its earnings results on Friday, February 3rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.09. Hershey Company (The) had a net margin of 9.68% and a return on equity of 110.82%. The firm earned $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts anticipate that Hershey Company will post $4.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Friday, February 24th will be paid a $0.618 dividend. This represents a $2.47 annualized dividend and a yield of 2.30%. The ex-dividend date is Wednesday, February 22nd. Hershey Company (The)’s payout ratio is presently 73.73%.

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Several research firms have weighed in on HSY. Argus upgraded shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Thursday. Vetr upgraded shares of Hershey Company (The) from a “strong sell” rating to a “sell” rating and set a $101.27 price objective on the stock in a research report on Thursday. Deutsche Bank AG began coverage on shares of Hershey Company (The) in a research report on Wednesday. They set a “hold” rating and a $115.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on shares of Hershey Company (The) from $110.00 to $112.00 and gave the stock a “sector perform” rating in a research report on Monday, February 6th. Finally, RBC Capital Markets lifted their price objective on shares of Hershey Company (The) from $110.00 to $112.00 and gave the stock a “sector perform” rating in a research report on Monday, February 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Hershey Company (The) has a consensus rating of “Hold” and an average target price of $107.22.

In other news, SVP D Michael Wege sold 1,100 shares of the stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $103.57, for a total transaction of $113,927.00. Following the completion of the sale, the senior vice president now owns 26,788 shares of the company’s stock, valued at $2,774,433.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michele Buck sold 6,500 shares of the stock in a transaction on Thursday, December 22nd. The stock was sold at an average price of $104.38, for a total transaction of $678,470.00. Following the sale, the chief operating officer now directly owns 157,210 shares of the company’s stock, valued at approximately $16,409,579.80. The disclosure for this sale can be found here. Insiders sold 16,300 shares of company stock valued at $1,720,300 in the last ninety days. Insiders own 0.68% of the company’s stock.

Hershey Company (The) Company Profile

The Hershey Company is a producer of chocolate and non-chocolate confectionery. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes.

5 Day Chart for NYSE:HSY

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